Thursday, 29 March 2012

Miners push FTSE 100 through 6 000

From minors, a large part of the market activity was conducted by a raft of updates to trading, bargain-hunting following recent falls, and rumours of an imminent resolution of disorders of the debt of the Greece. The FTSE 100 climbed 76.2 points to 6,018.89, while the FTSE 250 jumped 159.06 to 12,055.15 points.

There were only four large-cap laggards, with the suffering Group BG of the sharpest fall, sliding 23 p to £ 14.12½ such as oil and gas producer said a weak production growth prospects.

With the market on the best form, thoughts of traders have been in climates sunny with gains travel agencies. tui travelrose 4.4 248 percent, as the owner of first choice, said that the demand for holidays in places like the Spain, the Greece and the Turkey had offset the impact of the political upheavals in Egypt and Tunisia.

But it is another story for Thomas Cook, which was still under a cloud revealed Monday that the impact of unrest in the Middle East and North Africa would be worse than expected. In this spirit, Citigroup analysts cut their rating on the tour operator mid-cap to "hold" from "buy."

After increasing their rating in April, Citi has recognized that following Monday leads their "optimism has been moved" and they continued to be bearish on the medium term for the tour of exploitation sector prospects.

"Sense seems depressed and, while it is possible an improvement in the short term in the trade and the price of the shares, it is difficult to see a fundamental re-rating of these actions, said the broker." Thomas Cook slipped 3.7-162 p.

Intercontinental Hotels selected up to 49 percent to £ 12.98 because it reported strong growth in the country and raised the possibility of better bookings and higher rates of room for the rest of the year.

Return to the highest level, Imperial tobacco was in demand, up to 67% to £ 22.24, after the investors cigarette maker surprised with a 500 m £ share buyback and higher dividends.

The count, too, was Schroders, which took a Basinger week last on its results of the first quarter in which he unveiled an unexpected loss on investments. But analysts at Numis count that the reaction has been exaggerated and increased their rating on the "buy" investment manager "add". Schroders advanced £ 14.19 64 p.

Not far behind was wise, who took a turn in the spotlight of the takeover. His peers of bundled software, Misys, had checked until Monday in its attractions of takeover talk. Tuesday, she put on a another 4.7 to 348.2 p while Sage reached 10.2 296 p as whispers of the towers that could be awaiting a suitor American or European in the wings, with a price of 450 p on the lips of the gossip of the town.

Among the companies of support services, business security G4S gained 5.2 percent 278.8 as he posted an increase in revenues in the first quarter. During this time, living on 5½ to 741 p as the Group of outsourcing, which - among other things - the licensing of TV for the BBC and provides criminal record Office, at home said it should perform well in the second half of the yearsuch as the contracts materialise.

Last week, the subcontractors had slipped in the speculation that the Government could evolve back plans to use the private sector to deliver public services.

But said capita possibilities in the central Government were emerging that it seeks to provide the public service reform.

Among the second liners, there are also a raft of updates for resellers ploughing through trading. Morgan crucible won 15 p 329.1 after the manufacturer of industrial materials said he saw a strong recovery throughout all of the countries it covers.

Chip manufacturer CSR advanced 23.4 p 391.4 that he has highlighted an increased in the smartphone market presence. After its potential partner of fusion, Zoran, Monday reported to the sales slowdown, CSR has reiterated it was "assess the implications".

Furthermore, N brown reached 12.3 298 p as home shopping business of clothing if it were the trial three shops this year for its mark "simply being" said.

Gaining ground, was also the Premier Foods. Citigroup has increased its rating to "buy" from "hold", saying the manufacturer of Mr. Kipling cake, which has sold off the coast of two of its companies to reduce its debt pile, had "extremely better prospects." That helped advance actions 2.08 p 34.83. But at the other end of the spectrum, the pace is 59.9 — 39. 2pc - 93 p after the author of set - top boxes has issued a profit warning.

Lower market, xcite Energy fell 79-237½p. Despite oil Explorer confirming that its North Sea oil field had commercial value, analysts were disappointed by the low oil provided estimates.


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